Aust stocks close stronger

Local market pulls back from highs, continues strong performance as banks rally.

The Australian stock market has pared early gains but continues to perform strongly as investors position for earnings reports from the big banks this week.

At the 1615 AEDT official market close, the benchmark S&P/ASX200 index lifted 1.02% to 5,441.4 points, while the broader All Ordinaries index added 0.96%, at 5,437.3 points.

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